The Real Estate Show

Radio Show Notes 09/18/24 Wednesday: Mortgage Rates Drop! Midweek Market Report Reveals Why NOW is the Time to Buy

September 18th, 2024 7:15 PM by Eric Willner

Radio Show Notes 09/18/24 Wednesday: 

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Mortgage Rates Drop! Midweek Market Report Reveals Why NOW is the Time to Buy

Midweek Market Report: Mortgage Trends, Down Payments & Why Real Estate is the Best Investment

By Eric Willner, Investor, Coach, and Host of The Real Estate Show, America’s longest running daily radio show about real estate.


Welcome to The Real Estate Show – South Florida’s #1 Real Estate Radio Show and America’s longest-running daily radio show about real estate!

My name is Eric Willner, known as the Voice of Real Estate and founder of this incredible show. I’m also the creator of The Automatic Landlord System for owning cash-flowing real estate “profitably and hassle-free.” Here on The Real Estate Show, every episode is a virtual real estate seminar, packed with information to help you make the best moves in real estate. And today’s edition is no exception!

Welcome to the Wednesday Midweek Mortgage & Market Report of The Real Estate Show, where we dive deep into the factors impacting the real estate market right now. The focus of today’s show? It’s all about why now is the right time to buy real estate, with a special emphasis on our theme:

Your Down Payment is One of the Three Key Factors to Buy Real Estate.

Did You Know?

Did you know that your down payment is not only key to securing the property you want, but it’s also a strategic factor that can impact your mortgage approval, interest rates, and long-term financial flexibility?

Today’s show is all about understanding why your down payment is critical to building a solid foundation for your real estate journey. I’ll break down how your down payment influences your financial plan, and more importantly, how this knowledge sets you up for success in real estate.

But before we dive into the details, let me remind you about this week’s FREE Special Workshops! Don’t miss:

  1. Tuesday 8 PM – Path to Home Ownership: A special online introduction session. To attend, text "Home" to 561-861-2366.
  2. Wednesday 8:30 PM – Financial Edge University 101 Overview: A deep dive into financial literacy and real estate success. Text "Edge" to 561-861-2366.

Do finances challenge you? Most people say yes! That’s why we’re offering The Financial Edge: the education and strategies you need to achieve your real estate goals. We believe in a three-pronged approach:

  1. Everyone should be a homeowner.
  2. Everyone should have their finances in order with a written financial and life plan.
  3. Everyone should own a business that pays them and offers tax benefits!

I challenge you to take our 72-Hour Financial Edge Challenge and see what kind of difference it makes for you! Text the word EDGE to 561-861-2366 to get started.

The Power of Your Down Payment

Now, let’s continue talking about why now is the perfect time to get into real estate. The down payment you make on a property is often a key indicator of your financial readiness, but it also determines the kinds of mortgage terms you qualify for, how much home you can afford, and even how much you’ll pay each month.

We’ve spent the last few days on the show discussing the other key factors involved in real estate success, but today it’s all about this often-overlooked element.

The Latest on Mortgage Trends

Let’s check in with BankRate.com for today’s national mortgage interest rate trends. For today, Wednesday, September 18, 2024, the current average interest rate for a 30-year fixed mortgage is 6.24%, down from last week. The refinance rate is also slightly lower, sitting at 6.28%. This dip in mortgage rates is another reason why NOW is the right time to lock in a deal. Experts predict that mortgage rates could ease further in 2024, so don’t miss out on this window of opportunity!

The Federal Reserve is poised to cut rates again, and while mortgage rates don’t always follow Fed rate cuts exactly, the anticipation is driving down rates now, which benefits buyers and refinancers alike. Want to know the latest? Text the word LOAN to 561-861-2366 for customized mortgage rate forecasts and tailored loan options to fit your goals.

First Headline: Weekly Mortgage Demand Surges as Interest Rates Hit Two-Year Low

Key points:

  • The average 30-year fixed-rate mortgage rate decreased to 6.15%.
  • Mortgage applications surged by 14% last week, especially for refinancing.
  • Refinance applications jumped 24%, and buyers increased 5%, showing more people are ready to capitalize on these opportunities.

What does this mean for you? Simply put: mortgage rates are still historically low, and the data is clear – buyers are jumping in now before rates rise again. Lower interest rates mean lower monthly payments and an easier path to homeownership. So, if you’re sitting on the fence, this is your moment.

Second Headline: The Fed’s Biggest Interest Rate Call Happens Wednesday

Key points:

  • The Federal Reserve is set to make a significant rate cut decision.
  • Will it be a 25-basis-point cut or a 50-basis-point cut? Experts are divided, but both cuts will influence mortgage rates.

What does this mean for real estate? While a Fed rate cut is expected, it’s crucial to understand how it impacts the mortgage market. Even if the Fed only cuts rates by 25 basis points, mortgage rates have already started to reflect this shift, which is why demand has increased. Lower mortgage rates equal increased affordability, meaning this is the prime time for buyers to enter the market and lock in lower payments.

The Takeaway: Real Estate = Wealth Creation

Real estate continues to be the best wealth-building investment, and with rates dropping and demand rising, now is the time to act. Whether you’re a first-time homebuyer or a seasoned investor, the landscape is ripe for deals. Lower rates give you more purchasing power, and as mortgage demand increases, competition will heat up. Don’t wait – take advantage of these trends to build wealth, secure financial freedom, and gain peace of mind.

Remember, real estate is the best investment. Period. So, if you’re ready to dive into the market, make sure you tune in every day to The Real Estate Show, your daily dose of real estate knowledge and success strategies. If you missed any episodes this week, visit www.AutomaticLandlord.com to hear the full show and read the transcripts.

Text the word EDGE to 561-861-2366 to start building your financial edge today!

Thanks for tuning in, and don’t forget to join us tomorrow for our ATM Edition – All About The Money! Keep listening, keep learning, and let’s build your real estate empire together. ????

 

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Also, you can listen to the entire 30 minute broadcast of any day’s edition of The Real Estate Show by clicking on the audio link on that days summary post. You can also watch the Facebook Live video at www.facebook.com/TheRealEstateShow.

Want to know more? If you are serious about real estate and paying off debt, then find out more on today and every day’s episodes and learn more about Real Estate Investing and learn HOW TO by listening to The Real Estate Show with Eric Willner , Live every weekday morning at 9 o’clock (EST) on Florida’s Money Talk Radio stations WWNN AM1470, FM 95.3 and FM 96.9. You can also hear us on the free apps: iHeart Radio and TuneIn. Recorded Rebroadcasts are available 24/7 on Facebook. Please share this and our Facebook updates.

Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.

Also listen to the rebroadcasts on demand on Facebook.com/TheRealEstateShow 

Eric Willner is the Host and Founder of The Real Estate Show, an informative show about how to buy, own, and improve real estate the right way, on autopilot. - The Automatic Landlord way. (AutomaticLandlord.com) You can reach Eric Willner at Eric@Ericwillner.com or 888-595-7779.

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Posted by Eric Willner on September 18th, 2024 7:15 PM

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